0:19 [Music]
0:22 alright folks we are looking at the
0:27 scout sniper enlisting module for the
0:30 ICT scout sniper field guide ok what are
0:31 we going to covering in this
0:33 presentation well obviously it's
0:36 designed for those individuals that are
0:39 not familiar with my concepts it's going
0:44 to be a broad range comprehensive
0:48 approach to using the concepts that are
0:52 hands-on in the trenches type of
0:55 application for years I've been on the
0:57 internet teaching conceptually the
1:01 things that I do and the apps the actual
1:05 employment or step-by-step approach to
1:09 utilizing the concepts has evaded most
1:11 individuals because simply they didn't
1:15 put in the work and the exercises that
1:18 were meant by taking the concepts and
1:21 implementing them modularly
1:24 through teaching videos and what do I
1:28 mean by that well for those participants
1:29 to have been following my work on
1:32 YouTube my own website I had a blog
1:36 years ago and some threads that I put on
1:40 some unknown forums
1:48 they failed to utilize the concepts in a
1:52 demo account and use the concepts on a
1:54 daily basis to familiarize themselves
1:56 with price action concepts that are
2:00 rather generic and each video if used
2:03 properly in the library that I've
2:07 presented over the last few years they
2:10 were meant really to focus your
2:13 attention on one specific component to
2:15 understanding price action and the
2:18 application of the ICT tools what we're
2:21 gonna have in this eight part series in
2:23 this episode once there's gonna be a
2:25 whole lot of dry stuff in the beginning
2:27 this so prepare yourself for it guys
2:30 it's like anything else there you go if
2:32 you go to you know sniper school you're
2:34 gonna learn a lot of theory first you
2:37 learn a lot of you know trajectory you
2:40 wind all those things that are gonna
2:43 affect you taking a shot before you ever
2:45 put yourself in front of a you know a
2:48 rifle and scope up your target you got
2:49 to learn a lot of the boring stuff okay
2:50 but I promise we're gonna get to that
2:51 good stuff that you're all looking
2:54 forward charts and get me and get me an
2:56 types of situations that it's all gonna
2:59 be in this course but again you got to
3:01 go through the boring stuff first guys
3:03 so we're going to what are we gonna be
3:05 covering let's look at that now
3:07 obviously you know we're gonna be
3:09 looking at briefly I'm gonna be
3:11 introducing you what trading platform
3:14 that I use in my teachings and then the
3:15 practice drills it's going to be
3:19 employing in this course
3:20 and I'm going to give you a general
3:22 overview of the type called unquote of
3:26 trades this approach specializes in and
3:28 what you should adopt as realistic expectations
3:33 and we're to introduce you to the mo and
3:37 usual targets and I'll give you an
3:40 assignment for homework and it's going
3:49 I will trading platform are we going to
3:52 be utilizing in these teachings and what
3:57 do I use for my own analysis in my
3:59 videos that you see on YouTube and on
4:03 the unit circle trader.com website well
4:07 I use for XCOM Ltd now it's very simple
4:09 you guys can go to Google and Google
4:10 that just as you see it here on the
4:12 screen and it will give you a
4:16 opportunity to download the mt4 that's a
4:20 letter M is in Michael T isn't Tom for Metatrader
4:23 Metatrader
4:26 platform it'll be it's a free download
4:30 now before we get into all the debates
4:33 as to what platforms useful and you know
4:36 which ones better blah blah blah I'm not
4:37 gonna argue which ones better
4:40 okay I'm more or less gathering everyone
4:42 to one pool it's up to you whether you
4:44 want to drink from it or not okay so a
4:46 lot of the tools that I shared that are
4:48 for free I don't sell anything I also
4:50 advise I don't give signals or anything
4:53 I got I give resources tools and
4:56 concepts for you to employ and use in a
4:58 demo account setting I do not advocate
5:01 you using live funds so everything you
5:03 learn here is just for your development
5:06 on a personal scale I'm just gonna hint
5:08 in point in direction and it's up to you
5:10 to walk there and find it on your own
5:16 okay so now with forex.com ltd again
5:18 it's simply for the utilization of their
5:21 demo account i do not trade live funds
5:25 through forex.com ltd okay i simply use
5:28 it for a demo account only and because
5:31 it's a free resource it allows me to
5:34 share a universal medium that everyone
5:36 can employ you can trade through your
5:38 own individual platform if you choose to
5:41 but for the the concepts that we're
5:43 gonna be covering in here the tools that
5:45 I'm gonna be sharing and the indicators
5:49 that you will be using or plug in play
5:52 with mt4 okay so just so you know that
5:55 you you're not locked into using this
5:57 but there's gonna be some tools that are
6:00 rather unique to the mt4 platform and
6:02 it's just a plug and play type scenario
6:05 now I do not recommend you trade flight
6:07 trade live funds with Forex comm Ltd
6:09 okay because I'm not an introducing
6:11 broker I'm not acting as an introducing
6:14 broker and I'm not a trade advisor and I
6:17 have no affiliation with Forex comm Ltd
6:19 I have no affiliation really with any
6:21 brokerage firm whatsoever so please
6:22 don't ask me which one I recommend if
6:25 you choose to trade live funds
6:26 don't do that it's up to you there's
6:29 plenty of brokers out there that you can
6:33 choose from I advise the viewer to use a
6:35 demo account for practice purposes ok so
6:38 again I can't stress it enough forex.com
6:41 Ltd is simply being utilized in my
6:44 capacity as a mentor in the demo account
6:49 setting only and ideally you want to use
6:51 it demo account balance when you open up
6:54 your demo account with forex.com Ltd or
6:56 if you choose to do something else
6:57 outside of the tools that I shared for
7:00 platform and purposes it choose a
7:02 account balance that you would be
7:06 actually you realistically employing if
7:16 all right what trades are classified as
7:19 sniper setups
7:23 well precision point entry prices that
7:25 are applicable for use of limit order
7:28 entry now if you're not accustomed to
7:30 what a the limit order is we're going to
7:31 cover that in later modules and we're
7:34 going to actually give you live examples
7:36 of when you would utilize that in your
7:39 demo account and how that works in favor
7:43 of getting you the best possible entry
7:46 price and limiting your your risk in
7:48 terms of your stop-loss it's very useful
7:51 in terms of controlling your overall
7:54 risk and exposure to the market but it
7:56 doesn't completely eliminate the risk it
7:59 just helps you determine is precise as
8:01 you possibly be in terms of your actual
8:03 entry price versus what you may get if
8:04 you did a market order and the slippage
8:10 utilization of specific time of day
8:11 criteria so we're gonna be talking about
8:15 specific times of the day that the forex
8:20 market sets up rather routinely in terms
8:23 of specific price swings and how we can
8:25 utilize that so by coupling precision
8:28 point entry prices and utilizing time of
8:31 day that between those two right there
8:34 that really classifies it as a sniper
8:36 setup because we know exactly what we're
8:38 looking for in advance and we wait for
8:43 that to unfold now we also will have an
8:45 advanced knowledge of target prices for
8:47 positive exit points in other words we
8:50 anticipate where price may be reaching
8:53 to and based on that understanding what
8:55 specific price levels we may be looking
9:00 to exit at in our demo trades and the
9:02 employment of strict risk management
9:04 protocols in other words how much money
9:07 are we risking and how we quickly
9:10 removing the risk and controlling the
9:16 and calm and focused disciplinary
9:19 trading without emotions and impatience
9:22 that last one right there is a doozy
9:24 it's very very difficult for majority of
9:28 traders out there to obtain this level
9:31 of trading but I can assure you it comes
9:34 with time and it comes with a strict
9:38 adherence to the process of trading and
9:40 that means finding what niche you're
9:43 best suited for as a trader and it may
9:46 be a specific time frame like you know
9:48 you may be a good short term intraday
9:51 scalper you could be a you know a swing
9:52 trader it could be a short term trader
9:55 you know in and out in a day or two or
9:56 you could be a position trader okay
9:58 we'll give you some tools and concepts
10:01 to help discern what that is for you on
10:09 all right what realistic expectations
10:12 should you hold
10:13 well let's first start off with the
10:16 realistic as you can get you will lose
10:19 money live and/or demo money with these
10:22 concepts I cannot guarantee 100% trading
10:25 no one can no one ever will and just
10:29 don't expect it you will not profit on
10:31 every setup as much as the setup may
10:34 look like textbook conditions you're
10:37 gonna still lose eventually on what may
10:40 be the best-looking cherry setup you can
10:42 possibly have and you still will see it
10:44 fail okay because there's nothing
10:47 perfect and in trading and you just
10:49 can't obtain that level of trading
10:51 obviously and you're obviously gonna
10:53 miss opportunities so you may sleep
10:56 during a particular time of day or you
10:59 may be taken away you know by either
11:01 attention or physically away from the
11:03 charts and so you can't take an
11:04 opportunity maybe you were stalking
11:08 expecting it to set up and you
11:10 unfortunately missed it you're gonna
11:13 have to expect that in all levels of
11:14 your trading I mean I have been trading
11:16 for almost twenty years and there's a
11:18 lot of setups that I see coming but I
11:20 just I miss it by a number of things and
11:23 it's no reason for me to beat myself up
11:24 over it I just know that that trade
11:26 wasn't mine the next one's gonna come
11:29 around it's just like buses they'll come
11:31 by if you wait around long enough you'll
11:33 see the next one come
11:36 I promise no wealth or easy journey to
11:38 riches now this is gonna require you
11:40 work okay I'm gonna give you some
11:44 specific criteria if you stick to it I
11:46 promise you your understanding of the
11:49 market will greatly increase and you'll
11:52 be lightyears ahead of everyone else
11:55 now theoretically the concepts will lead
11:58 to a better understanding of trading for
12:01 you every individual trader or
12:04 developing trader that are watching this
12:07 video series will not have identical
12:10 results okay so if you guys talk in chat
12:13 rooms or if you share forms do not
12:16 compare notes in such a way where okay
12:17 how much money did you make on that
12:19 demet rate versus what I made it's
12:21 completely unique and that's one of the
12:23 beauty of trading because you don't have
12:26 to limit yourself to what everyone else
12:28 is doing just simply because the tools
12:30 I'm sharing right now are being
12:34 universally shared you may develop
12:38 another level of understanding on a
12:40 personal level with these tools and
12:41 you'll make them your own
12:45 and by subtly blending what you're
12:47 comfortable with as a trader someone
12:51 that may be a 30-minute chart trader it
12:54 will make significantly far less than
12:56 someone that is utilizing a 4-hour chart
12:59 in the setups that setup on that time
13:02 frame are going to be much larger in
13:04 terms of magnitude so it's very
13:06 difficult for one to reasonably
13:09 realistically expect your results to met
13:12 everyone else doing it okay so think
13:14 about it there's so many other guys and
13:16 mentors and teachers out there and
13:18 authors of books why aren't we all
13:21 having the same results because it's a
13:23 unique experience okay and that's what
13:24 makes this so difficult because it's not
13:27 a team effort it's not a team sport and
13:29 you're not gonna win by everybody else
13:31 doing you know doing it with you okay
13:34 now that we can cultivate a learning
13:36 environment like we're doing here and in
13:39 forums and such but actually getting in
13:41 the trenches clicking the mouse and
13:43 getting into trades and and and
13:45 suffering the drawdown and/or the riches
13:47 that come with profitable execution
13:49 that's all on a personal
13:51 and no one can share that it's
13:54 completely and uniquely yours
13:57 and you have to more or less accept that
14:00 okay so going into this understand that
14:02 you're leading yourself to a better
14:03 understanding of trading but you're
14:05 always going to be theoretically a
14:10 and always focus on success being
14:13 measured in small incremental steps and
14:15 you're going to have to really submit
14:17 the time because while these concepts
14:20 we're gonna be really really
14:22 concentrated in later portions of this
14:26 series it doesn't take away the work
14:28 portion and the time that's needed for
14:31 you to warm up to the concepts simply
14:33 seeing in one or two examples in the
14:35 video format is not going to be enough
14:37 you're gonna have to be in the charts
14:39 hunting looking at it up studying it in
14:41 hindsight and anticipating it in the
14:43 future so you got to submit the time now
14:45 realistically what am I talking about in
14:47 terms of time if you're not willing to
14:51 put six months into these concepts turn
14:53 it off now you're wasting your time and
14:56 you're really you're doing me no service
14:58 at all because I'm putting a lot of
15:00 effort into this so you should be doing
15:02 the same thing invest the time is needed
15:12 all right what ammo will you use and
15:14 what targets
15:17 well the methodology that were sharing
15:19 here is based on a principle I learned
15:24 in 1994 yes I was trading way back then
15:26 now the principle is triple screen and
15:29 it's found in a book titled trading for
15:32 a livin now this was one of those little
15:35 gems that I was in Columbia Maryland and
15:38 I reside in in Baltimore Maryland it's
15:39 in the United States in case you were
15:40 wondering where that's at
15:45 and we had a traders library it was a
15:49 store that really was mainly mail-order
15:52 over the internet type deal but it just
15:54 happened to be in Maryland so I was
15:56 fortunate to be able to drive there and
15:59 go through their bookshelves and find
16:00 some you know really interesting books
16:05 but because I was a fledgling technical
16:07 analyst and I didn't have a whole lot of
16:10 money to start with I was I was very
16:12 shocked to see how much these books were
16:15 being sold as and trading for a living
16:18 that title was exactly what I was
16:20 looking for and think about it if you
16:22 want to be getting into this industry as
16:24 a trader you know with no understanding
16:26 whatsoever except for the desire to want
16:28 to make money and to sit home doing it
16:30 that you couldn't find a better title
16:31 book than that in trading further and
16:33 that's exactly it personifies what
16:36 traders do this for you know they want
16:38 to sustain themselves with just this as
16:42 their means of income so
16:45 I purchased the book and I'll be honest
16:46 when I first read I was like man this is
16:48 ridiculous I can I can't I can't get
16:49 anything out of this
16:52 so I basically wasted like $40 and at
16:55 the time I thought that and later on
16:57 when I got a little bit more mature in
16:58 terms of what I was expecting out of
17:00 price charts and such
17:04 I found that latter chapters in his book
17:06 I think if my memory serves me its page
17:09 2 you want an 85 or there abouts it's
17:13 his concept of utilizing multiple time
17:17 frames and I framed the concepts on
17:19 Alexander elder which is the author of
17:21 trading for a living so ideas and maybe
17:24 made subtle changes really but if you
17:26 really study these concepts you're gonna
17:31 find the fingerprint of elder all
17:36 through this okay and if one could claim
17:38 authors of books as mentors you know
17:41 obviously he was my my first one if you will
17:41 will
17:44 majority of my other work comes from
17:46 Larry Williams
17:49 now the premise is really to determine
17:52 the likely direction of the market and
17:57 then enter in that direction only now in
17:58 case you're wondering if it was just
18:01 that one chapter that was useful I'm
18:02 gonna recommend to you now that read the
18:05 entire book because it was my first
18:09 trading text but it was my first aah ha
18:11 manual because there's so many gems
18:14 tucked inside the texts it's it's it's
18:18 really rich just the first few chapters
18:21 dealing with psychology you know being a
18:24 young guy and just impatient and I have
18:25 OCD and I have attention deficit
18:27 disorder and I have a very difficult
18:32 time focusing and a lot of that stuff
18:33 because I grew up in an environment that
18:36 when you read this you'll understand I
18:39 had a lot of similarities and the type
18:41 of people that elder was describing as
18:45 problematic people in terms of trading
18:46 and how they have to overcome
18:50 adversities psychologically and how more
18:52 or less it's a loser's mentality that
18:53 they have and what you're gonna have to
18:55 do to get beyond that and I think it's
18:59 an excellent read so don't just take the
19:03 chapter on triple screen as the only
19:06 real nugget in that book it's it's it's
19:09 chock-full of all kinds of wonderful you
19:11 know insights but really the crowning
19:14 jewel is the triple screen chapter and
19:17 then obviously all of the psychological
19:19 write up that he does earlier in the book
19:29 okay we are going to give a homework
19:31 assignment okay and it's going to be the
19:36 mark now every sniper knows there is a
19:39 target out there that he has to acquire
19:45 scope up and in takedown no we're not
19:49 going into a large list of technical
19:50 things but I'm going to give you an
19:53 assignment for you to study now I'm not
19:55 going to limit you to any particular
19:59 pair you can use this assignment on any
20:02 currency pair you want but in this
20:03 example I'm going to share with you and
20:05 we're going to be utilizing the fiber
20:09 which is the eur/usd pair okay hello
20:12 folks we are now looking at the mt4
20:16 platform and we're gonna open up a chart
20:20 I'm gonna use the eur/usd pair and we're
20:23 gonna double tap the header of the chart
20:26 and it'll maximize it
20:27 and we're gonna change it to a
20:31 candlestick chart and we remove the grid
20:34 by hitting our right mouse button go
20:36 down the grid where you can hold down
20:39 the control button hit G and a remove
20:41 your grid in the background and we're
20:43 gonna set this to a more friendly to the
20:47 eye color scheme and I right clicked on
20:51 the mouse button and it gives me this
20:53 menu where I put the properties in and
20:56 our in this little toggle box I'm gonna
21:00 click on black on white that sets the
21:03 chart to this our viewing setting and I
21:08 hit the shift key here which sends the
21:10 chart back away from the right edge now
21:12 I like to have a little bit of open
21:14 space over here the amount of open space
21:16 that you may or may not want is up to
21:18 you but you can slide that little
21:20 triangle here by clicking on it with
21:23 your left mouse button and then just
21:24 moving it along where you want it
21:26 wherever you drop it that's where the
21:30 chart will end okay so now what we're
21:32 going to talk about here is I'm going to
21:36 show you a 15 minute chart and I'm gonna
21:41 ask you to look at this chart okay and I
21:43 want you to study it and tell me what
21:45 you see
21:47 after a period of time now I'm not
21:54 send it obviously you and me might like
21:56 that I want you to send it to the thread
22:02 at FX dears comms forum thread and it's
22:04 the thread that's soft titled with this
22:08 video series very easy to find what
22:10 we're looking at here is a specific
22:13 price model that we're going to cover a
22:15 great detail during this eight part
22:18 video series and I promise when you're
22:21 done studying this you're going to have
22:23 far greater understanding and price
22:27 action than any other resource available
22:30 on the internet or on book you're
22:32 talking about something that is so
22:36 generic it's going to be always seen in
22:39 the marketplace and on any timeframe
22:44 okay but for real world purposes okay
22:47 for you to study I want you to use this
22:51 example here okay and start with August
22:55 2013 and right now at the time of this recording
22:57 recording
23:04 August 14th okay and what I'm looking
23:09 for is in terms of a repeating theme of
23:13 what price is doing and how it could be
23:16 anticipated going in the future and I
23:26 criteria that you see repeating in the
23:29 way price is moving from one swing point
23:31 to the next okay and what is a swing
23:33 point swing points are like this here
23:35 just low with higher lows when you
23:37 decide of it here's a low with higher
23:41 lows on either side of it every turning
23:44 point here okay these are all swing
23:47 points now if you don't understand what
23:49 a swing point is and you're if it's
23:51 going a little too fast for you the
23:54 easiest way for you to learn to see what
23:57 the swing part swing points are rather
24:00 on mt4 if you go up to their little
24:03 insert tab click on that go to
24:07 indicators and go over to Bill Williams
24:10 section in the top of the list it'll say
24:13 fractals okay if you click on that it'll
24:14 give you a little box here now I'm going
24:17 to keep it red and if you use this over
24:20 here this will tell you how big you want
24:23 these fractal arrows errors to appear on
24:24 your chart now I'm going to use this
24:28 setting here and I'm gonna click OK and
24:30 what that's done is it creates all these
24:33 little arrowheads okay the arrowhead
24:36 just delineate a point at which when one
24:41 candle is surrounded by two higher load
24:43 candles for our swing low in this case
24:46 it would be here and for a swing high it
24:48 would be a candle that has two lower
24:51 highs on either side of it now I'll zoom
24:53 in a moment to give you a better view of
24:56 what that looks like for now
24:58 you're not gonna utilize every single
25:01 one of these obviously okay but what I
25:03 want you to do is I want you to train
25:06 your eye okay and zoom in just for a
25:10 little bit you can't I'll give you an
25:12 example of what this is delineating here
25:17 the fractal arrow to take the toggle off
25:19 so it doesn't move around as I'm talking
25:23 we'll use this one here this fractal hi
25:27 has a lower candle to the left of it and
25:29 to the left of that it's a lower candle
25:32 okay and you know what's this candle
25:35 here has a lower hide candle and a lower
25:36 high candle
25:38 so both these candles on the right have
25:40 highs that's the lower than the high of
25:43 this candle and these candles here on
25:46 the left of it have lower highs in this
25:49 candle high so then the mt4 platform
25:53 will mark this as a fractal high okay
25:57 now as we all learn in later video
26:01 modules in this series I do not require
26:04 waiting until two candles after the
26:06 highest form okay it's many times you'll
26:09 see that you'll miss the optimal entry
26:11 point in terms of taking the trade okay
26:16 and vice versa and looking at the low
26:18 here if you see a low with two higher
26:21 load candles on the left of it and two
26:23 higher load candles on the right of it
26:26 that would be a marker for a fractal low
26:30 or swing low now look at this chart for
26:32 a second before we take the fractal
26:37 and now we're just gonna take this
26:42 indicator off and now I want you to look
26:44 at the chart again can you see those the
26:46 same reference points without having
26:49 that tool applied to the chart because
26:51 that's what you're gonna have to learn
26:54 to do okay because you need to see these
26:58 forming in real time and right now I'll
27:01 give you an example we have one forming here
27:01 here
27:05 this is a live price chart it's not
27:07 recorded I'm not dubbing over something
27:10 in the hindsight this is really
27:12 happening right now and we have a low
27:15 with a higher low here and a higher low
27:20 here that in itself is a swing low so
27:24 this could be a short-term load that may
27:27 see price move higher from now we can't
27:29 just base that simply on that alone
27:31 there's got to be other things another
27:34 criteria to add to it but that's what
27:36 you'd be looking for as a potential
27:38 turning point if you look at every
27:41 turning point or swing in the
27:43 marketplace you can see that that
27:45 pattern exists it's very generic it's
27:48 there all the time you have a high with
27:53 two lower highs surrounding okay
27:56 every high and low swinging up down up
27:58 down that natural ebb and flow in the
28:01 marketplace is seen with this
28:04 characteristic and price action now
28:13 and we're gonna go and look at another
28:18 sample size of price action and we're
28:24 gonna look at the beginning of July
28:26 we're gonna look at the first week of July
28:36 yeah this is good right here
28:40 okay and I want you to study this sample
28:42 size India as well okay so we're looking
28:48 at July first to say July 9th okay and
28:51 let's hold down the control key on your
28:52 mouse I mean I'm sorry on your keyboard
28:56 and hit the letter Y as in the word yes
28:57 and that'll give you your vertical
28:59 delineating bars okay and what this is
29:02 doing is the double lines is a Sunday
29:06 this Mondays trading this is Tuesdays
29:07 trading in between the two vertical lines
29:07 lines
29:10 here's Wednesday's Thursday and Friday's
29:11 trading and then we start a new week on
29:18 Sunday I want you to study June 1st to
29:21 June 5th okay in other words this whole
29:33 this right here okay so when you have
29:36 your platform downloaded and set up
29:39 at the default settings on to change
29:40 anything yet we're going to talk about
29:42 all those changes and then all the
29:44 little cool indicators along the way as
29:47 we go through each video I promise you
29:49 this is gonna be the most boring one but
29:52 if you put the work in now well I'm
29:54 asking you look for here my promise when
29:56 you look at the last video in this
30:00 series these two sample sizes of price
30:02 data it's going to be amazing okay and
30:03 you're gonna be floored by what you'll
30:06 understand by that point okay so now
30:10 looking at this sample size and data
30:12 okay the questions I want you to focus
30:16 on in terms of study is I want you to
30:19 look at every swing point in this sample
30:23 size I also want you to look at the time
30:25 of day that those turning points occurred
30:28 occurred
30:30 and I want you to look at the direction
30:34 of which made the most in terms of pips
30:36 obviously you can see it's been in a
30:42 Down move but what characteristics were
30:45 synonymous with just about every single
30:47 one of these turning points and I've
30:50 promised if you study it not just simply
30:52 on one-hour chart but break it down into
30:56 a 15 minute chart basis and if you look
30:58 at a 5 minute basis that'll also be more
31:01 insightful to you as well don't be
31:05 discouraged when we go to part 2 and I
31:08 show you some things that you should
31:11 glean from the price action with no
31:14 understanding whatsoever about technical
31:15 analysis you should still understand
31:18 time and price ok know there's what time
31:22 of day did these particular swings take
31:25 place and empty for is generally setup
31:30 is a GMT platform so there's all the
31:31 time at the bottom of your chart here it
31:35 is this is all GMT time ok and I want
31:37 you to take notes write it down in a
31:40 book ok and get yourself a little
31:44 notepad okay and this is your your
31:47 workbook for this whole video series
31:49 you're gonna have pages of notes by the
31:51 time we're done I promise you and the
31:53 notes that you collect along the way are
31:57 gonna be worth their weight in gold ok
31:58 because this is insight so you just
32:00 don't get anywhere else and it's nearly
32:02 two decades worth of insights that's
32:05 coming to you for free ok so I want you
32:06 to appreciate that because it takes a
32:11 lot for me to you know number one put
32:14 these together in terms of a teaching
32:17 and also be able to have a sense of
32:21 continuity and hopefully get you to an
32:23 end result that was in mine from the
32:24 beginning which is a greater understand
32:26 price action and you as a trader in how
32:28 to utilize that insight gleaned in your
32:30 own demo trading and development as a trader
32:32 trader
32:35 so now again key points are what time of
32:38 day every turning point in this sample
32:47 what price levels did they occur at okay
32:48 and it means you need to be marking up
32:52 your chart drawing lines okay and make
32:54 scribble it up okay I mean don't be
32:56 afraid to put notations on your charts I
32:58 know why guys you know in the beginning
33:00 trying to learn they try to keep the
33:01 charts clean when you understand what
33:03 you're looking for then it's advisable
33:04 I'd like to keep my charts very clean
33:07 but in the beginning be messy okay it
33:09 make it fun get in there and draw some
33:11 notes on this stuff and in fact if you
33:14 go to say you have this chart like you
33:19 have it here okay go up to file okay and
33:23 you want to save as picture and you just
33:26 click active workspace and I'll show you
33:28 what happens when you do that
33:32 by doing that empty four will generate a
33:35 image file of the your actual workspace
33:39 and by doing that you'll be able to have
33:42 a image file that will be in your web
33:44 browser and let's move over to that now
33:54 okay you can see it created an image
33:57 file okay and it's exactly what your
34:01 chart showed an empty for platform now a
34:03 zoom a live as you can see but it gives
34:07 you all the detail and data here and you
34:10 scroll up you can see everything here
34:13 now it's to me I would advise you to
34:16 take this image and print it out print
34:17 it out and draw your lines on it with
34:21 your own hand with your pencil ruler do
34:23 it like that okay and get used to
34:26 marking up the charts putting lines in
34:29 and support resistance levels and make
34:31 notations a time and price and then I
34:33 promise you if you do this every single
34:36 day for one pair and it doesn't have to
34:38 be the fiber eur/usd pair it could be
34:39 either capable bridge around USD it
34:42 could be the Japanese yen it could be
34:44 the Kiwi it could be the Australian
34:52 you're again British pound yen any any
34:56 of any pair of your choosing it's not
34:57 important as to which one you're
35:00 choosing but get real close to price
35:02 action by studying one pair it could be
35:05 the dollar index as well but what's
35:06 you're gonna be doing is you're gonna be
35:11 building at least 30 days worth of
35:14 sample size data okay you want a whole
35:18 month's worth okay that means you're
35:20 gonna have to explain actually spend a
35:21 little bit more than an actual one
35:23 calendar month okay because you don't
35:26 have 30 trading days in a month okay so
35:27 now what you're gonna be doing is you're
35:28 going to be collecting at least 30
35:31 sample size of actual trading days 30
35:34 trading days and I want you to do that
35:38 with a five-minute chart and I want you
35:41 to do that with a 15 minute chart for
35:43 every single day going forward for
35:45 whatever particular pair you'd like to
35:47 trade and I want you to mark off every
35:50 single time the market turns intraday it
35:51 makes the higher low of the day I want
35:53 you to make a reference of what time it
35:56 does it and what time it ends the
35:58 opposite end of the range in other words
35:59 what time did it make the high of the
36:00 day and what time they make the low of
36:02 the day and you need to do this for 30
36:06 days and I promise you by the time again
36:08 we get that exercise you're gonna have
36:11 immense not understanding of price
36:15 action and what routinely happens in the
